Friday, July 31, 2026
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IndianaMidwestMultifamilySeniors Housing

Senior Living Facility, Symphony of Crown Point, Opens in Indiana

by Katie Sloan

CROWN POINT, IND. — Symphony of Crown Point, a 66,598-square-foot, 100-bed senior living facility providing post-acute, short-stay rehabilitation care has opened in Crown Point, located about six miles south of Merrillville. Mainstreet and Symphony Post Acute Network developed the facility. Construction on the project began in May 2014. The complex offers a therapy gym, outdoor rehabilitation courtyard,  spa, movie theater and an on-site chef. The project, which had a total investment of $16 million, has created 360 construction jobs and 100 permanent jobs at the property.

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IllinoisLoansMidwestRetail

Cohen Financial Secures $12.5M in Refinancing for Hillcrest Shopping Center

by Katie Sloan

JOLIET, ILL. — Cohen Financial has arranged $12.5 million in refinancing for Hillcrest Shopping Center, a 246,000-square-foot grocery-anchored retail center in Joliet. A 65,000-square-foot Food4Less anchors the center. Other tenants include Dollar Tree, Payless Shoes, Harbor Freight Tools, T-Mobile and Subway. Don C. Trossman of Cohen arranged the fixed-rate, 10-year loan on a 25-year amortization schedule with a correspondent life insurance company. Joliet-Hillcrest LLC was the borrower in the transaction.

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IllinoisIndustrialMidwest

Midwest Industrial Funds Acquires 59,000-Square-Foot Industrial Building in Illinois

by Katie Sloan

ELK GROVE VILLAGE, ILL. — Midwest Industrial Funds has acquired a 59,000-square-foot industrial space located on over four acres of land at 700 Chase in Elk Grove Village, about 25 miles northwest of Chicago. The property was purchased from a private investor and is fully leased to Acme Industries. Midwest was represented in-house by Sergio Chapa and Michael Prost. Rick Delisle of RD Strategic represented the seller in the transaction.

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LoansMichiganMidwestMultifamily

Bernard Financial Group Arranges $2.8M CMBS Loan for Carriage House Apartments

by Katie Sloan

FLINT, MICH. — Bernard Financial Group has arranged a $2.8 million loan for Carriage House Apartments, a 120-unit multifamily complex located in Flint. Carriage House Limited Partnership was the borrower in the transaction. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan. 

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IndustrialMichiganMidwest

Signature Associates Brokers Sale of 20,660 Square Feet of Industrial Space in Michigan

by Katie Sloan

CLINTON TOWNSHIP, MICH. — Signature Associates has negotiated the sale of 20,660 square feet of industrial space located at 21481 Carlo Drive in Clinton Township, northeast of Detroit. The buyer in the transaction was Carlo Investments LLC. Ben Wilkiemeyer and Paul Saad of Signature represented the seller, M + L Industrial Properties. Signature Associates is an independently owned and operated member of the Cushman & Wakefield Alliance.

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HospitalityMidwestOhio

Kaufman Plans Redevelopment of Top 24 Floors of LeVeque Tower

by Katie Sloan

COLUMBUS, OHIO — Kaufman Development plans to redevelop 78 residential units in the top 24 floors of LeVeque Tower in Columbus. Tower 10, a local investment group principally owned by Don Casto and Robert Meyers, purchased the 46-story building in 2011 and began immediate renovation work on the lower floors and exterior including facility upgrades, a lobby redesign and streetscape improvements. Kaufman’s residential units will include marble flooring, updated appliance packages, stone and quartz countertops, spa-like bathrooms, high-efficiency home technology and large closets with extensive shelving. Residents will also have access to a full floor of storage. The rental units will offer one-bedroom options ranging from 750 to 1,150 square feet, and two bedroom options ranging from 1,250 to 2,400 square feet. The condominiums will include both flat and duplex units. Occupancy is set to begin in the spring-summer season of 2016

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MidwestMultifamilyWisconsin

Pillar Arranges $7.5 Million in Refinancing for Multifamily Property in Wisconsin

by Katie Sloan

MADISON, WIS. — Pillar has arranged a $7.5 million refinance loan with Freddie Mac for Swan Creek Apartments, a 95-unit multifamily property in Madison.  Lancelot Lie and Brooke Jackson of Pillar originated the fixed-rate, 10-year term loan with a 30-year amortization schedule. H.A. Langer & Associates was the borrower in the transaction. Pillar is an affiliate of Guggenheim Partners.

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IndianaMidwestRetail

Quantum Real Estate Advisors Arranges $3M Sale of Dual-Tenant Building

by Katie Sloan

PORTAGE, IND. — Quantum Real Estate Advisors Inc. has arranged the sale of a dual-tenant retail building located at US Highway 6 and Willowcreek Road in Portage for $3 million. The property is shadow anchored by Meijer and is leased to Chipotle and Sleepy’s. The property was sold by a real estate developer based in Lake Forest, Illinois to a private real estate office based in Wisconsin. Chad Firsel, president of Quantum, was a broker in the transaction.

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IllinoisMidwestRetail

Marcus & Millichap Arranges $2.6M Sale of Retail Property in Antioch

by Katie Sloan

ANTIOCH, ILL. — Marcus & Millichap has arranged the sale of a 7,000-square-foot retail property located in Antioch for $2.6 million. The property, located at 515 East II Route 173, is occupied by Sherwin Williams and Sleepy’s, and is situated as an outlot to a Walmart Supercenter. Sean Sharko and Austin Weisenstock of Marcus & Millichap worked on behalf of the seller, a limited liability company. The buyer of the property was undisclosed.

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IndustrialMidwestWisconsin

The Dickman Company Arranges 112,140-Square-Foot Industrial Lease in Wisconsin

by Katie Sloan

OAK CREEK, WIS. — The Dickman Company Inc./CORFAC International has arranged a lease renewal between landlord Bigs Mortgage LLC and tenant AIM Distribution Services for a 112,140-square-foot industrial space in Oak Creek. The building is located at 525 W Marquette Ave. Samuel M. Dickman Jr.  and Samuel D. Dickman brokered the transaction.

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